Scammers are always finding new ways to trick you, but many scams are based on an existing one, so being aware of the different types of scams is the best way to spot new ones. Though banks are trying their best by investing heavily in technology and cyber-security in
order to beat the best of hackers, there are some lawbreakers that can still
use some stratagem in an attempt to obtain money from your bank account at an ATM Station but the most wow about such incident, it might have happened while you are relaxing in your bedroom with your ATM card
carefully kept in the brief-case beside you. It was difficult to prove to the bank
it wasn’t you since all the details were supplied to the banking payment
system tallied with yours.

We agree that the percentage of scams were reduced by
85 per cent through the introduction of the token-text authentication
system and chip-pin cards but it can't be eradicate totally, scammer also have new tools to ensure you either make the payments or willingly ‘share’ your banking details as they are more knowledgeable than the average ATM card holder.

The best way you can prevent this is to be fully aware of the possible dangers that
lurk in cyberspace. Below are the most
common banking scams you need to know as a bank customer; a list originally posted on
Punch NG:» Stolen chips, cheap passwords
If your wallet or bag gets stolen, chances are that your ATM will be
close to your ID card. Fraudsters can easily withdraw with your card if
you are the type that use cheap passwords like date of birth as your
PIN.
The best way to prevent this is to use more secure passwords. In case
you lose your card, don’t wait till you begin to receive alerts, report
to the bank immediately.» Phishing – Some ‘fake’ banks need your password to upgrade
While pretending to come from an original bank, they send out emails
designed to lure you into revealing your banking/personal password,
token pins or text codes which is then used to access your bank accounts
online. Such mails comes with link which if clicked, redirects you to a
cloned site (fake site that looks like your bank's site) where your
data will be captured by the fraudsters.
No bank will need your password details for any upgrade. Ignore any
email requesting such. Avoid clicking on such links and avoid using
public computers for personal banking transactions.
When you spot a phishing scam, report it to the bank immediately. This
allows the bank to take the necessary actions that get the website
blacklisted, banned or taken down.» Text Fraud
With the emergence of text messaging systems which allow users to send
bulk SMS while customising the name of the sender, fraudsters can dupe
you if your business relies more on alerts systems (email or text).

Akin (not real name) is a car dealer who told a customer to go on and
make payment at the bank while he waited patiently for a text message.
No sooner had he received the text message from the ‘bank’ than he
released the car only to realize later that the text message from the
‘bank’ was fake. He had clearly fallen victim of advanced text fraud.

While most bulk texting gateways are already taking precautions to vet
messages before they go out, always try to confirm payment independently
from your account officer, your bank balance on your ATM, online
banking channel or through systems created by the bank. Be wary of a
credit alert that doesn't show your account balance. » Withdraw at gun point
Some crooks especially at nights, force their victims to withdraw cash from an ATM by threatening them with a gun.
Use only bank ATM machines in well-lit, high-traffic areas. ATMs inside
busy supermarkets are considered safer. Don’t use ATM machines that are
remote or hidden, such as being located behind buildings, behind
pillars, walls, or away from public view. Beware of obvious hiding
places like shrubbery or overgrown trees.
Avoid ATMs where people are lurking around. Since you cannot return the
money to the ATM, don’t waste time counting money at night.
If the precautions above been take properly, those crooks won't find it easy to obtain your money from your bank account.Also Read: How to Secure Your Onlines Accounts from PHISHING Using By HACKERSDon't just read and work away.Please Save your friends and families account from been scam by click on any of the Share/Like buttons. Simply ask any
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